Panamint Closes $769M First Phase of $1.8B Texas Solar Green Loan
Incline Village – November 04, 2026 -- Panamint Capital LLC has reached financial close on the first phase of a $1.8 billion Green Loan to build Big Rooter Power, a 1.2 GWdc solar PV project that the company describes as the largest brownfield renewable energy project in North America. The $769 million first phase funds construction of the 491 MWdc Big Rooter West portion in Robertson County, Texas.
Lloyds, MUFG and SMBC lead the lender group
Lloyds, MUFG and SMBC are mandated as Coordinating Lead Arrangers, Green Loan Coordinators, Co-Syndication Agents and Joint Bookrunners on both the Big Rooter West and Big Rooter East financings. MUFG also serves as Administrative Agent. CSC Delaware Trust Company acts as Collateral Agent.
White & Case LLP and Jackson Walker LLP advised Panamint, while Milbank LLP advised the lenders.